Kamoa Copper Partners for Pioneering Renewable Energy Venture in DRC
Deal News | Apr 04, 2025 | arch emerging markets partners
Kamoa Copper S.A. and CrossBoundary Energy have entered into a power purchase agreement to establish a novel baseload renewable energy system for the Kamoa-Kakula mining complex in the Democratic Republic of the Congo. This development marks a significant milestone as it brings a 222 MWp solar PV and a 123 MVA/526 MWh battery energy storage system to the complex. The energy project aims to deliver 30MW of reliable, dispatchable power, drastically lowering reliance on diesel generators and reducing annual carbon emissions by 78,750 tonnes. CrossBoundary Energy will own and manage the facility, while Kamoa Copper will purchase the energy produced. The cooperation underscores Kamoa Copper's dedication to sustainable mining and energy transition; construction is set for August 2025, with the smelter commissioning expected in the second quarter of 2025.
Sectors
- Renewable Energy
- Mining
- Sustainable Development
Geography
- Democratic Republic of the Congo – The location of the Kamoa-Kakula Copper mining complex and the host nation for the renewable energy project.
- Africa – The continent where this groundbreaking renewable energy system, a first of its kind, will be implemented.
Industry
- Renewable Energy – The article discusses the implementation of a renewable baseload energy system, featuring solar PV and battery energy storage.
- Mining – Kamoa Copper S.A. operates one of the largest copper mining complexes in Africa, which is central to the article.
- Sustainable Development – The initiative underscores a commitment to reducing carbon emissions and promoting sustainable practices in heavy industry.
Financials
- 30 MW – The amount of dispatchable power to be provided by the renewable energy facility.
- 78,750 tonnes – The annual carbon emissions reduction expected from the project.
- 222 MWp – The capacity of the solar PV system to be implemented.
- 123 MVA/526 MWh – The capacity of the battery energy storage system to be implemented.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kamoa Copper S.A. | Target Company | Company | A joint venture between Ivanhoe Mines, Zijin Mining Group, and the DRC government, operating a significant copper mining complex. |
| CrossBoundary Energy | Bidding Company | PE | A renewable energy developer and operator partnering to provide solar and battery storage solutions. |
| Ivanhoe Mines | Vendor | Company | One of the stakeholders in Kamoa Copper S.A. |
| Zijin Mining Group | Vendor | Company | Another stakeholder in Kamoa Copper S.A. |
| Government of the Democratic Republic of the Congo | Vendor | Government | Holds a 20% stake in Kamoa Copper S.A. |